Kevin Costner’s Ex-Wife Glows With Joy After Engagement, Flaunts $50,000 Ring

Christine Baumgartner is turning heads — and not just because of the dazzling new sparkle on her finger.

The 51-year-old former model and businesswoman, who recently finalized her divorce from Hollywood star Kevin Costner after nearly two decades of marriage, is embracing a fresh chapter in her life.

Christine Baumgartner, Kevin Costner's ex-wife, was spotted in Montecito flashing her five-carat engagement ring

Her radiant smile and the stunning $50,000 engagement ring she proudly flaunts have become the talk of Santa Barbara’s social scene.

But there’s more to this story than just a glittering diamond.

What does Christine’s new engagement say about life after a high-profile split?

And how is Kevin Costner navigating his own post-divorce journey?

A New Beginning: Christine Baumgartner’s Engagement to Josh Connor

Christine Baumgartner was recently spotted showing off a spectacular engagement ring — a five-carat square-cut diamond set in platinum — worth an estimated $50,000.

The ring reportedly caught the eyes of onlookers during a casual outing in March, when Baumgartner was photographed with her daughter Grace, her smile as bright as the gem sparkling on her hand.

Exclusive DailyMail.com photos from her errand with her daughter Grace, 14, on March 5 show that even at 50 feet away, her massive diamond ring was refracting light

The engagement to financier Josh Connor, a longtime friend of Kevin Costner, reportedly took place on January 26 during a romantic outing in Santa Barbara.

Sources close to Baumgartner say the relationship blossomed quietly over the past year, fueled by the close friendship between their daughters.

This new romance marks a significant milestone for Baumgartner, who has been navigating the complexities of life after a high-profile divorce.

He was joined by daughter Grace and sons Hayes and Cayden at the premiere of his film Horizon: An American Saga - Chapter 2 at the SBIFF

The End of an Era: Finalizing the Divorce

Christine Baumgartner and Kevin Costner’s nearly 20-year marriage came to a legal end in September 2024.

The divorce was widely covered in the media, highlighting the challenges of separating lives that had been intertwined for two decades.

Despite the difficulties, both parties appear to be moving forward with grace and dignity.

Baumgartner’s engagement signals a hopeful new chapter, while Costner seems content focusing on his career and family.

A Los Angeles jeweler told DailyMail.com the diamond ring she was wearing from fiancé Josh Connor has an estimated value of $50,000 and looks to be a five-carat square-cut diamond set in platinum

The $50,000 Sparkler: A Closer Look

The engagement ring Baumgartner now wears is more than just a piece of jewelry — it’s a symbol of renewal and joy.

A Los Angeles jeweler who examined photos of the ring described it as a natural diamond, not lab-grown, capable of refracting light from 50 feet away.

“If it’s a natural diamond and not lab-grown, it’s easily worth around $50,000,” the jeweler said.

The ring’s five-carat size and platinum setting make it a standout piece, catching light and attention wherever Baumgartner goes.

In another recent sighting, Baumgartner was seen laughing with a friend outside the upscale boutique K. Frank, the ring glistening atop her handbag.

Meanwhile, Costner, regarded as Hollywood's most eligible bachelor, has given fans a look at his 'wild', post-divorce single life; pictured with Pete Davidson at Michael Rubin's 2025 Fanatics Super Bowl Party

Life After Kevin: Baumgartner’s New Chapter

While the engagement brings joy, Baumgartner’s life after her divorce has not been without its challenges.

Financial adjustments have been a significant part of her transition.

During the divorce, a judge ruled that Costner would pay $63,209 per month in child support — far less than the $248,000 Baumgartner initially requested.

This ruling led to notable lifestyle changes, including multiple moves to more modest homes.

Christine was seen laughing as she left K. Frank with a girlfriend, her left hand was draped over her $4,500 black Celine 'Classique Triomphe' handbag with the large diamond visible

Financial Shifts and Lifestyle Changes

Additional signs of financial strain have emerged in Baumgartner’s post-divorce life.

All three of her children previously attended elite private schools, but two are now reportedly enrolled in public schools in Santa Barbara.

Christine herself has been seen driving a two-year-old Range Rover with expired tags and visibly worn tires.

These details paint a picture of someone adapting to new realities while striving to maintain stability for her family.

Kevin Costner’s Post-Divorce Life

Meanwhile, Kevin Costner appears to be embracing his single life with enthusiasm and purpose.

The 70-year-old actor and director has been active on the social scene, attending red carpet events, major sporting occasions, and promoting his latest film, Horizon: An American Saga – Chapter 2.

Recently, Costner shared highlights from the Santa Barbara International Film Festival, where he appeared with his three children — whom he shares with Baumgartner — and mingled with director Quentin Tarantino.

He was also spotted enjoying Super Bowl LVIII in New Orleans, hanging out with comedian Pete Davidson, showing a lighter, more social side.

Christine was renting this home for $22,000 a month, just two miles away from her fiancé's delisted bachelor pad, but has since downsized

The Relationship With Josh Connor: A Blossoming Romance

Josh Connor, Baumgartner’s fiancé, is a financier and longtime friend of Kevin Costner.

Their relationship reportedly grew from the close friendship between their daughters, evolving quietly over the past year.

Since going public, the couple has been seen enjoying each other’s company in Montecito, vacationing in Hawaii, and taking a trip to New York.

“They spent time together before Christmas in Hawaii while Kevin was presumably in Aspen with the kids,” a source revealed.

“Christine hasn’t made much effort to keep the relationship private — her friends have known for a while.”

Navigating Friendships Post-Divorce

The fact that Baumgartner’s new fiancé is a longtime friend of Costner adds an intriguing dynamic to the story.

It suggests a level of maturity and civility between the former couple, allowing for new relationships to develop within their shared social circle.

Such arrangements are not uncommon in Hollywood, where personal and professional lives often intertwine.

In their protracted divorce proceedings, Kevin was ordered by the court in 2023 to pay Christine $63,209 a month in child support, quite a cut from the $248,000 per month that she requested

The Role of Family: Prioritizing the Children

Throughout these changes, both Baumgartner and Costner appear focused on co-parenting their children.

They share seven children in total, with three from their marriage — Grace (14), Hayes (16), and Cayden (17).

Family remains a central pillar in both their lives, with Costner seen frequently spending time with the kids and Baumgartner balancing motherhood with her new relationship.

Public Perception and Media Attention

The media spotlight on Baumgartner’s engagement and Costner’s post-divorce life reflects the public’s fascination with celebrity relationships.

Social media and entertainment news outlets have closely followed every development, from the dazzling engagement ring to Costner’s appearances at major events.

Fans express mixed reactions, ranging from supportive congratulations to curiosity about the evolving dynamics.

Christine shares sons  Cayden, 17,  and Hayes, 15, and daughter Grace with her ex-husband Kevin Costner, 70

Looking Ahead: What This Means for Both Parties

For Christine Baumgartner, the engagement to Josh Connor represents a fresh start and a chance to rebuild her life on her own terms.

It’s a story of resilience and renewal, demonstrating that life after divorce can bring new happiness.

For Kevin Costner, the focus remains on his career, family, and personal growth.

Both seem committed to moving forward positively, despite the challenges of their past.

Christine on her way to court in 2023. The legal bills from the child support battle are likely still an issue. At one point it was revealed that Connor 'loaned' her $10,000 due to financial strain

Conclusion: A Tale of New Beginnings

Christine Baumgartner’s journey from a high-profile divorce to a joyful engagement is a compelling narrative of transformation.

Her stunning $50,000 ring is more than an accessory — it’s a beacon of hope and new possibilities.

Kevin Costner’s own path reflects a man embracing change, balancing fame with family and friendship.

Together, their stories remind us that life’s chapters may close, but new ones always await.

As Baumgartner and Connor prepare for their future together, and Costner continues to shine on screen and off, fans watch eagerly, inspired by their resilience and grace.